eXcentral Forex broker specializes in providing foreign exchange trading services, the company's official website https://eu.excentral.com, the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP),South AfricaFSCAFinancial Service Corporate, to enhance the security of the company's address .
eXcentral Forex Broker
Basic information
Cyprus
10-15 years Regulated in Cyprus Straight Through Processing (STP) Suspicious Scope of Business Suspicious Overrun High potential riskCompany profile
Note: eXcenspanal's official website: https://eu.excentral.com is currently inaccessible normally.
eXcentral Information
eXcentral provides commodities, Forex, and CFDs among other trading instruments. It gives traders access to MetaTrader 4 as well as its own web platform. Though CySEC controls it, there is a clone warning about FSCA control.
Pros and Cons
| Pros | Cons |
| Proprietary platform and MT4 available | Clone license warning from FSCA |
| Educational tools and webinars | High minimum deposit requirement |
Is eXcentral Legit ?
Under license number 226/14 the Cyprus Securities and Exchange Commission (CySEC) controls eXcentral. Mount Nico Corp. is the licenced institution.
However, there is also a dubious clone notice connected to a different license from the Financial Sector Conduct Authority (FSCA) in South Africa. The entity OM Bridge (PTY) Ltd claims control but is under suspicion as a clone.
| Regulatory Status | Suspicious clone |
| Regulated by | FSCA |
| Licensed Institution | OM Bridge (PTY) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 48296 |
Registered on March 4, 2014, the domain excentral.com is still valid with a March 4, 2025 expiration date.
What Can I Trade on eXcentral
eXcentral offers over 160 CFDs, including Forex (47 pairs), Commodities, Stocks, Indices, and Cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Crypto | ✔ |
| CFD | ✔ |
| Indexes | ✔ |
| Stock | ✔ |
| ETF | ❌ |
Account Types
Each of the four active account types available from eXcentral—Classic, Silver, Gold, and VIP—fits for different trading levels. Additionally accessible for practice is a demo account. The accounts vary in services, including access to account managers, as well as in spread.
Leverage
eXcentral provides leverage up to 1:400, which, particularly for new traders, greatly increases risk even when it can boost possible earnings.
eXcentral Fees
With spreads starting at 0.9 pips for VIP accounts and 2.5 pips for lower-tier accounts, eXcentral's fees are somewhat expensive relative to the industry average.
The withdrawal cost is $10; depending on the length of inactivity on the account, inactivity fines run from $80 to $200.
Non-Trading Fees
| Deposit Fee | Not mentioned |
| Withdrawal Fee | $10 |
| Inactivity Fee | $80 - $200 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Web, Mobile, Desktop | All traders |
| eXcentral Web Platform | ✔ | Web | All traders |
| Android App | ✔ | Mobile (Android) | Traders on the go |
Deposit and Withdrawal
eXcentral charges a $10 withdrawal fee, and the minimum deposit is $250.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Credit/Debit Cards | $250 | Not mentioned | Not mentioned |
| Bank Wire Transfer | $250 | Not mentioned | Not mentioned |
| Skrill | $250 | Not mentioned | Not mentioned |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Credit/Debit Cards | Not mentioned | $10 | Not mentioned |
| Bank Wire Transfer | Not mentioned | $10 | Not mentioned |
Rating Index
VIP
Gold
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
林5029
Thailand
The people of excentral are skilled at stealing your money. I am writing this review to warn others away from these con artists since I, too, fell for their fraud.
Positive
2022-12-11
FX3857642322
Taiwan
It was a fraud platform. Unable to withdraw. I deposited but could not withdraw when making profits. It asked me to upgrade membership. It was a scam.
Exposure
2021-11-12
FX1247126402
United States
When I wanted to trade with eXcentral, I came to wikifx to check and was surprised to find that many people have been scammed. I think the actual victims will be more. Thanks for the info and I will stay away from this scammer.
Positive
2023-02-20